Lockheed Martin (NYSE:LMT) Price Target Cut to $550.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Lockheed Martin’s price target from $600 to $550 while maintaining a “sector perform” rating, implying about 3.9% upside. Analysts’ consensus remains “Moderate Buy,” with an average target of $628.10.
• Lockheed Martin reported quarterly results above expectations, with EPS of $7.94 versus the $7.22 consensus and revenue of $20.06 billion, up 10.5% year over year.
• The company is expanding missile-production capacity through a $300 million Texas facility investment and plans to significantly increase PAC-3 MSE interceptor output, though prior fixed-price program losses remain a risk to margins.

Lockheed Martin (NYSE:LMT - Get Free Report) had its target price lowered by equities research analysts at Royal Bank Of Canada from $600.00 to $550.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a "sector perform" rating on the aerospace company's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 3.92% from the company's previous close.

A number of other research analysts have also issued reports on the company. Sanford C. Bernstein lowered their target price on Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating on the stock in a report on Wednesday. Robert W. Baird set a $700.00 price target on shares of Lockheed Martin in a research report on Friday, July 24th. Rothschild & Co Redburn started coverage on shares of Lockheed Martin in a report on Tuesday, October 6th. They issued a "buy" rating and a $650.00 price target for the company. Citigroup upped their price target on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, Wells Fargo & Company set a $600.00 target price on Lockheed Martin in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $628.10.

Lockheed Martin Price Performance

NYSE LMT traded up $7.01 on Thursday, reaching $529.24. 276,948 shares of the stock traded hands, compared to its average volume of 1,434,859. Lockheed Martin has a 12 month low of $437.25 and a 12 month high of $692.00. The company has a market cap of $122.14 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 1.09 and a beta of 0.09. The firm's fifty day simple moving average is $543.57 and its 200 day simple moving average is $544.37. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts' consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the business earned $1.46 EPS. The company's quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, research analysts predict that Lockheed Martin will post 30.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Lockheed Martin

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Lockheed Martin during the 2nd quarter worth approximately $9,617,574,000. Corient Private Wealth LP acquired a new position in Lockheed Martin in the 2nd quarter valued at approximately $101,960,000. Bank of New York Mellon Corp acquired a new position in Lockheed Martin in the 2nd quarter valued at approximately $645,258,000. Legal & General Group Plc acquired a new position in Lockheed Martin in the 2nd quarter valued at approximately $497,469,000. Finally, Diamant Asset Management Inc. raised its stake in shares of Lockheed Martin by 60,339.0% during the first quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company's stock valued at $531,493,000 after acquiring an additional 877,932 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin News Summary

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed Martin plans to invest $300 million to expand its Grand Prairie, Texas, munitions facility to more than 735,000 square feet. The broader expansion is expected to create approximately 6,000 U.S. jobs, including 2,000 in Texas, and should increase capacity for critical missile programs. Lockheed Martin Expands Advanced Munitions Manufacturing in Texas
• Positive Sentiment: The company aims to eventually increase annual PAC-3 MSE interceptor production from roughly 600 units to at least 2,000. Management characterized defense demand as “permanent,” reinforcing expectations for a larger backlog and sustained revenue growth. LMT Stock Tracks Best Week Since Mid-August
• Positive Sentiment: A seven-year agreement with Hadrian will bring automated manufacturing capabilities to Lockheed Martin’s Texas Missiles and Fire Control facility, potentially improving production speed and supply-chain resilience. Separately, a cooperation agreement with Avio is intended to expand U.S. solid rocket motor production for the ER GMLRS and PrSM programs. Hadrian Expands Partnership with Lockheed Martin
• Neutral Sentiment: Analyst views remain divided: Vertical Research reiterated a bullish stance, while Bernstein reportedly disagreed. The disagreement may limit the rally until upcoming results provide evidence that higher demand is translating into profitable growth. Why Lockheed Martin Stock Popped Today
• Negative Sentiment: Investors continue to weigh Lockheed Martin’s history of fixed-price program problems, including $1.6 billion in reach-forward losses recorded in the second quarter of 2025. Although the shares trade below their historical average, those prior charges remain a risk to margins and investor confidence. Lockheed Martin Trades Below Its Historical Average

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.